Property score
49.4
Below average
Overall 49.4 · Compared with neighbourhood average
864 sqft (bottom 42%) · Built in 1948 (3 yrs newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 10 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
10% smaller than neighborhood avg.
Year Built
Near average
3 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 2%
Past 10 years Munroe West sales snapshot (~80% of all data)
477
363.3k
$342/sqft
1945
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49.4 is composed by the two sections below.
Property Score
Community Score
Munroe West
How to read: Share of sales in each ~$50k price band for “munroe west” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110892
$73K
Median household income
$83K
Average household income
12%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
36%
Single-person households
26%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
404 Melbourne Avenue — 16 amenities found within 500 m, across 7 categories, including 1 dining (nearest 398 m), 10 education (nearest 226 m), 1 healthcare (nearest 459 m).
Munroe West · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -88%
vs. prior year
Primary type
Property
65%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 36% | Bottom 49% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 404 Melbourne Avenue, Winnipeg
Key Characteristics & Appeal
This 864 sqft bungalow, built in 1948, presents a classic Munroe West offering with a compelling value proposition. Its primary appeal lies in its strong positioning within its immediate context. The home sits on a generous 4,898 sqft lot, which is notably larger than many on its own street and in the area, offering valuable outdoor space and potential. With an assessed value of $298,000, it ranks well above average for both Melbourne Avenue and the broader Munroe West neighbourhood, suggesting it is a higher-caliber property within its local market. However, its smaller living area and older vintage place it below the citywide averages for newer, larger homes, highlighting its character as a more traditional, established neighbourhood home.
This property would suit a first-time buyer or downsizer looking for a manageable footprint in a stable neighbourhood, with the bonus of a larger-than-typical lot. It’s also a practical choice for a value-focused buyer who prioritizes a strong assessment and lot size over modern square footage. The data suggests you are paying for a premium lot and location within the community, rather than extensive interior space.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s $298,000 assessment is above the average for both Melbourne Avenue and the Munroe West area. This indicates it is likely viewed as a higher-value property within its immediate peer group, possibly due to its larger lot size, condition, or specific location on the street.
2. Is the living space smaller than average?
Yes. At 864 sqft, the living area is modest. It is slightly below the average for Melbourne Avenue and Munroe West, and significantly below the citywide average for homes. Buyers should be comfortable with a more compact, efficient layout typical of its era.
3. What does the lot size mean for me?
At nearly 4,900 sqft, the lot is a standout feature. It’s larger than most on the street and provides ample room for gardening, recreation, or future expansion like a shed or deck, which is a notable advantage in an established neighbourhood.
4. The home was last sold in 2017. How can I find the exact price?
The public data shows a sold price range of CA$250k–300k for August 2017. Due to data licensing rules, exact sold prices are not published online here. You can request the precise historical sale figures by email, and the service will provide them manually at no cost.
5. How does its age affect the purchase?
Built in 1948, the home is older than the citywide average but typical for the area. This means potential for classic charm but also likely necessitates a close inspection of major aging components like the roof, foundation, plumbing, and electrical systems to understand any needed updates or maintenance.
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